The relationship between law firms and their corporate clients shifted substantially with the onset of the Great Recession in 2007, and a decade later many of those changes appear to be here to stay. Here, Law360 looks at one major way the legal industry has been affected.
The law office has traditionally served as a hub where attorneys work and interact with colleagues and clients, but new technologies, rising real estate costs and an increasing desire for flexible work opportunities are challenging that typical office concept.
The ever-elusive “cultural fit” that elite law firms seek in prospective members of their exclusive club reflects a long-held set of values that favor white men and feeds racial, ethnic and gender inequality, a 15-year study says.
In the high-stakes world of trial advocacy, it only takes one slip in front of judge or jury to leave a permanent impression, but even the most successful trial lawyers have had their humbling moments in the courtroom. Here, top trial attorneys share a few of these experiences and how they ended up shaping their careers.
Texas firm Gardere Wynne Sewell LLP has reduced associate salaries, arguing that paying newly minted lawyers $160,000 in the current economic climate “doesn’t make sense.”
After a rough start to 2009 for the legal industry, a new survey of Fortune 1000 companies' in-house counsel reveals signs of hope, projecting a 5.1 percent increase in corporate spending on outside counsel over the next six months.
In the latest round of law firm layoffs, Fenwick & West LLP has confirmed it is cutting 22 positions, and Pennsylvania-based Eckert Seamans Cherin & Mellott LLC plans to let go of up to 119 temporary lawyers starting in July.
Large law firms have already taken widespread cost-cutting measures in the past year and may hesitate to take any more, but deeper, sustained cost cuts are the best way to attain previous profitability levels, a new report says.
The American Bar Association has requested that the U.S. Supreme Court rule that litigants have an immediate right to appeal court rulings that they have waived attorney-client privilege and that compel them to disclose the otherwise privileged documents.
After three weeks at trial in a New Jersey court, Lowenstein Sandler PC has reached a deal with now-defunct Ravin Sarasohn Cook Baumgarten Fisch & Rosen PC in a $42 million suit alleging that Lowenstein poached 15 attorneys from Ravin Sarasohn in 2000.
Kirkland & Ellis LLP has snagged one-time district judge and former Deputy U.S. Attorney General Mark Filip, who joins as a partner in the firm's litigation practice.
The U.S. Supreme Court ruled Monday that a litigant who is not party to an arbitration agreement can appeal a federal court decision refusing to stay the litigation pending arbitration, reversing an earlier appeals court ruling and remanding the case brought by defunct accounting firm Arthur Andersen LLP for a further review.
The U.S. Supreme Court ruled Monday that a district court order remanding a case to state court based on a refusal to assume supplemental jurisdiction is not a remand for lack of subject matter jurisdiction, and is therefore subject to appellate review.
Instituting just about every cost-cutting measure used by law firms in recent months in one fell swoop, Seyfarth Shaw LLP has cut 50 employees, reduced salaries for associates, deferred start dates for the incoming class to 2010 and shortened its summer associate program.
As the cost of electronic discovery continues to make litigation ever more expensive, lawyers from both sides of the bar are working to promote an attitude of cooperation they say is necessary to serve clients and achieve justice.
A legal consulting firm has launched a professional network for female partners to assist them in luring clients in what many still consider to be a male-dominated profession.
Just over a month after announcing plans to merge, McGuireWoods LLP and London-based international law firm Grundberg Mocatta Rakison LLP have finalized their agreement following unanimous approval of the deal from both firms' partnerships.
By the end of next year, discovery of draft expert reports could be prohibited in federal cases, and deposition questions about communications between expert witnesses and attorneys could be limited, under proposed changes to Rule 26 of the Federal Rules of Civil Procedure moving toward implementation.
Squire Sanders & Dempsey LLP on Friday cut 32 attorneys from its global practice and cut first-year associates' pay by 10 percent, following a growing trend of major firms setting more frugal limits in staffing and salary in order to withstand financial pressures.
We asked the leaders of appellate teams at top law firms to name the candidate for the U.S. Supreme Court they'd pick if they were President Obama.
Though the economy looks to be gaining strength, law firms would be wise to pay attention to some of the lasting lessons of the crisis and not return to their old ways once they have fully recovered, legal experts say.
As firms wrestle with whether or not to engage in more layoffs, Law360 talked to a number of recruiters who shared their best tips on how to survive and thrive as the economic crisis continues to grip BigLaw.
Counsel at Skadden Arps Slate Meagher & Flom LLP received a memo recently titled "Compensation," which disabused them of any notions that they might receive a salary increase in 2009.
Some clients, more leery than ever of being overcharged, have taken to the courts recently with overbilling suits against major law firms. But legal experts differ as to whether more firms will be targeted overall.